Retirement Advice Center

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Spotlight News

WORRIED ABOUT RETIREMENT? PIMCO’S PLAN TO HELP RETIREMENT SAVINGS LAST A LIFETIME

Sponsored by PIMCO

Saving sufficient assets for retirement is hard. Yet allocating and distributing retirement assets may be even more formidable. In the following Q&A, Emmanuel Roman, PIMCO’s chief executive officer, and Rene Martel, head of retirement, discuss how behavioral finance and PIMCO’s Income to Outcome framework aim to address the challenge of providing income in retirement.

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INCOME TO OUTCOME: PIMCO'S RETIREMENT FRAMEWORK

Sponsored by PIMCO

Retirement planning is inherently complex because life is inherently uncertain.

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Retirement Advice Center
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Articles and White Papers

THE BENEFIT OF DIVERSIFIED GUARANTEED INCOME FOR RETIREES: COMBINING IMMEDIATE FIXED AND IMMEDIATE VARIABLE ANNUITIES

From the Retirement Management Journal

This paper explores the potential benefits of developing retirement income that considers both immediate fixed annuities (IFA) and immediate variable annuities (IVA) using a stochastic utility model combined with a scenario framework.

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RETIREMENT POLICY STATEMENTS: A CONCRETE PLAN FOR RETIREMENT

From the Investments & Wealth Monitor

As a client heads into retirement, a variety of factors are at play. Dreams and personal goals may still be taking shape, contingent upon income from a variety of sources, possibly including “re-careering” or part-time employment. The location where a client chooses to retire drives a big part of the cost of living in retirement. Longevity, however, is the greatest unknown, regardless of the length of parents’ or grandparents’ lives, because average life expectancy has continued to increase. A retirement policy statement is an actionable document that provides a client with the comfort of a concrete plan for retirement.

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RETIREMENT RISKS: VITAL ISSUES FOR THE POST-RETIREMENT PERIOD

From the Investments & Wealth Monitor

Advisors help their clients plan for a successful retirement. Each person is different and everyone faces financial and other uncertainties in retirement. The Society of Actuaries sponsors an extensive program of research on post-retirement risks. This research is important for advisors and individuals because it identifies gaps in knowledge about the challenges of retirement, it helps us to understand what people think and how they act, and it explores many issues not usually addressed in retirement research.

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DON'T DROP THE BATON: SEQUENCE RISK AND THE DECUMULATION DILEMMA

From the Investments & Wealth Monitor

Passing the baton in a relay race is a moment of high drama and consequence. A smooth handoff may propel a slower team to victory; a fumbled one may doom a swifter team’s chances. We think the baton handoff is a useful analogy for understanding the key challenges advisors and clients face in the years before—but especially just after—retirement. Just as in a relay race, in retirement the transition from saving (accumulation) to spending (decumulation) is critical.

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OLIVIA S. MITCHELL, PHD: CALIBRATING RETIREMENT PLANNING WITH CURRENT CONDITIONS

Visionaries Series, from the Retirement Management Journal

Robert Powell, editor-in-chief of the Retirement Management Journal,; Jason Fichtner, PhD, senior lecturer at the Johns Hopkins University; and Anna Rappaport, FSA, MAAA, chair of the Society of Actuaries Committee on Post-Retirement Needs and Risks, speak with Olivia Mitchell about how longer lifespans and prolonged retirement periods are requiring adjustments to Social Security benefits, employee pension plans, and individual retirement savings.

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Latest Discussions

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THE THREE BIGGEST RISKS TO RETIREMENT PLANNING AND HOW TO AVOID THEM?

From the Investments & Wealth Monitor

Your retirement planning for your clients can be superb. They can have more than enough resources and income for whatever their needs and lifestyle desires may be. But it may not work out. They could fall victim to one of the three risks that can derail any retirement plan: need for long-term care, scams, and remarriage (or even a new intimate relationship without marriage). Fortunately, you and they can plan to prevent or at least diminish the likelihood of any of these risks derailing a plan.

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CHAOS AND RETIREMENT INCOME

From the Retirement Management Journal

In "Chaos and Retirement Income," James Sandidge explains why accumulating wealth is a linear process and distributing wealth is a non-linear process governed by the principles of chaos. Sandidge makes the case that retirement income is more about preparing rather than predicting. Retirees, he wrote, should prepare for the worst then adapt.

ROBERT C. MERTON, PHD: DESIGNING THE BEST SOLUTION FOR RETIREMENT

Visionaries Series, from the Retirement Management Journal

Robert Powell, Retirement Management Journal editor-in-chief; Zvi Bodie, PhD, president of Bodie Associates and the Norman and Adele Barron Professor Emeritus of Management at Boston University; and Stacy Schaus, founder and chief executive officer of Schaus Group LLC, speak with Robert Merton about retirement solutions for the twenty-first century working and middle classes, fintech, and solving for the right problems.

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Institute Blog: Investment Sense


Professional Development

JOIN THE 100-DAY ADVISOR CHALLENGE

Applications Due April 26

Do you have determination, perseverance, and grit? Join the 100-Day Advisor Challenge and spend the next 100 days building strong retirement management habits, strategies, and techniques. Throughout your journey, you’ll have a team of top practitioners motivating and encouraging you. The final step culminates with a rigorous exam. Upon passing the exam, you will be able to proudly showcase your Retirement Management Advisor® credentials. The challenge starts May 3 and ends August 10. Applications are due by April 26. Receive $500 off with promo code AdvisorChallenge21!

Apply Now

THE FUTURE OF ETFS: EVOLVED. TRANSPARENT. FLEXIBLE.

ACE Academy Masterclass
April 26
Livestream + On-Demand

Mark Gochnour, CPA, CFA®, Head of Global Client Services Group & Vice President, Dimensional Fund Advisors
Marlena Lee, PhD, Global Head of Investment Solutions, Dimensional Fund Advisors

The first exchange-traded funds (ETFs) available to investors were designed to track the performance of indexes. While index-based ETFs continue to be popular with investors due to generally low costs, broad diversification, low turnover, and transparent construction, the mechanical construction and rigid trading requirements of index funds reduce their ability to efficiently capture the returns of different asset classes. In contrast, actively managed ETFs aim to provide the same benefits of index-based approaches while also providing additional value through flexible, active implementation.

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RETIREMENT MANAGEMENT ADVISOR®

RMA® Certification Program

Learn More >

A FEASIBLE BLUEPRINT FOR MEETING THE CHALLENGES OF FUNDING RETIREMENT INCOME

ACE Academy Masterclass
April 26
Livestream + On-Demand

Robert Merton, PhD

Robert Merton, PhD, Distinguished Professor of Finance, MIT Sloan School

Professor Robert Merton offers an integrated approach to addressing the global retirement funding challenge and its impact on lifetime income pertaining to consumption. This session will frame the problem in a six-component approach to solving the challenge in a transparent, modular fashion including the essential design principles for the defined-contribution component. Professor Merton focuses on key retirement-income principles that reframe how regulators and the retirement industry need to communicate with employees today.

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HOW THE RETIREMENT MANAGEMENT ADVISOR® CERTIFICATION BRINGS SUCCESS IN PROVIDING CLIENTS PRECISELY WHAT THEY NEED

Case Study

Moe Allain, RMA®, CPWA®, AAMS®, MBA, financial advisor for Baird Retirement Management, uses the Retirement Management Advisor® certification to bring success in providing retirement clients precisely what they need.

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Institute Announcements

  • Exceptional Advisor Week Is April 26-May 2

    Exceptional Advisor Week brings the value of executive education into focus and affords individuals opportunities to pursue long-term goals that will have an impact on communities for years to come. Throughout the week we will be featuring a variety of ways for you to learn how to differentiate yourself and be an Exceptional ...
  • Latest Episode of the Exceptional Advisor Podcast Focuses on the Future of Sustainable Investing

    Robert Powell, the editor of Retirement Daily at The Street, interviews William "Bill" Burckart, co-founder, president, and chief operating officer at The Investment Integration Project (TIIP), and Bob Dannhauser, CFA®, FRM, CAIA®, senior advisor at TIIP and previously head of global private wealth management ...
  • ACE Academy Set to Elevate Advisor Expectations and Take the Virtual Learning Environment by Storm

    On April 26–27, 2021, ACE Academy will bring together highly accomplished and highly sought-after all-stars such as Nobel Laureates Robert Merton, PhD, from MIT and Sir Angus Deaton from Princeton University. The program also features global economist Dambisa Moyo, PhD, and Raghuram Rajan, PhD, Professor ...

Institute Events


Online Education and Podcasts

MODERN RETIREMENT PORTFOLIO THEORY: THE EFFICIENT INCOME FRONTIER

On-Demand Recording

Traditional investment portfolios used in clients’ accumulation phase may not work as well during their decumulation phase. A goals-based approach to retirement income planning considers additional, unique risks that retirees face such as longevity and consumption risks, which insured assets are designed to protect. Hear the scoop on actionable methods to improve retirement portfolios and ways to add significant value to clients in need of a distinct retirement income plan.

1 Hour of CE Credit.

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INCORPORATING THE HOUSING ASSET IN RETIREMENT PLANNING

On-Demand Recording

Join Shelley Giordano as she explains in how to safely and effectively include the home in retirement planning. Giordano shares a clear road map to use the home equity conversion mortgage to solve financial challenges and four vital pieces of information (The 4 Nevers©) that demolish the negative lore that attends reverse mortgages. Giordano breaks down how reverse mortgages have changed, and why retirement experts recommend a new approach to them. If you are a financial professional working with retirees, you will want to share these tips with your clients.

1 Hour of CE Credit.

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RETIREMENT INCOME STRATEGIES

On-Demand Recording

Sponsored by PIMCO, DPL Financial Partners and New York Life Insurance Company

Many retirees require a goals-based planning approach, particularly when generating a consistent and sustainable income stream in retirement. As clients transition from accumulation to decumulation, advisors are turning to flexible solutions to deliver a certain level of consistent income to meet clients' needs in the current low-yield environment. This program will introduce you to strategies and considerations for creating holistic, goals-based retirement income plans for your clients.

4 Hours of CE Credit.

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RETIREMENT MANAGEMENT ADVISOR®

Course

Retirement Management Advisor Online Course offered online, on-demand, provides a comprehensive, unified text of RMA readings, recorded lectures, video insight from industry leaders, and much more.

25 Hours of CE Credit.

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RETIREMENT & ITS DISCONTENTS: WHY WE WON'T STOP WORKING, EVEN WHEN WE CAN

On-Demand Recording

University of Toronto Professor Michelle Silver invites you to rethink your perceptions about aging and retirement. She discusses retirement from its early policy roots to the social phenomena it has become with a focus on implications for people whose personal identity has always been closely intertwined with their work.

1 Hour of CE Credit.

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OVERVIEW OF RETIREMENT MANAGEMENT ADVISOR® (RMA®) CERTIFICATION

On-Demand Recording

Do you want to accelerate your career? Start 2021 off right by committing to your advanced education through an Institute certification. Join Chief Learning Officer Devin Ekberg, CIMA®, CPWA®, CFA®, as he delves into what the Retirement Management Advisor® (RMA®) certification is all about.

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HOW LONGEVITY IMPACTS FINANCIAL PLANNING AND THE FUTURE OF RETIREMENT

On-Demand Recording

Life expectancy has increased dramatically over the past century and it is one of the most important variables in financial planning. For retirement planning purposes, it’s critical to predict one’s life expectancy during retirement. How long a client will live and at what age they will retire are two key factors in determining a client's financial plans. Tune in as retirement experts Robert Powell and Shelly Giordano delve into practical takeaways to discuss with clients how to best prepare for the future. 

1 Hour of CE Credit.

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IMPROVING RETIREMENT OUTCOMES

Exceptional Advisor Podcast

Nick Halen, corporate vice president at New York Life Insurance Company, discusses retirement-income strategies during an economic crisis. This podcast is sponsored by New York Life.

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RETIREMENT MANAGEMENT FORUM: PART 1

On-Demand Recording

Clients of all ages are looking for expertise in retirement planning, especially when it comes to holistic, multidisciplinary planning for an entire household. As clients shift from an accumulation of assets to decumulation, their needs and mindset change significantly. An advisor can add more value by improving communication, trust, and investment outcomes. Whether you’re part of the Institute’s Retirement Management Advisor® (RMA®) program, or simply looking for a better way to support your retirement clients, these are the on-demand recordings for you.

4 Hours of CE Credit.

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RETIREMENT MANAGEMENT FORUM: PART 2

On-Demand Recording

Joe Coughlin, Marc Milstein, Bob Mauterstock, and Peter Conti-Brown take on the most prevalent retirement planning issues in our world today. Learn from the experts when it comes to holistic, multidisciplinary planning for all members of a household. Whether you’re part of the Institute’s Retirement Management Advisor® program, or simply looking for a better way to support your retirement clients, these are the on-demand recordings for you.

4 Hours of CE Credit.

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RETIREMENT INSIGHTS IN THE COVID ERA

Exceptional Advisor Podcast

Dana Anspach, CFP®, RMA®, founder of Sensible Money, LLC, a fee-only registered investment advisory firm, discusses the value of the RMA certification and how it prepared her for the current economic crisis.

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SAIL INTO RETIREMENT

Exceptional Advisor Podcast

Larry Jacobson, retirement planner and award-winning author, discusses his award-winning coaching program specifically designed to help your clients find, develop, and follow their passion as they move into retirement.

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